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Ripple Labs has secured a $200 million debt facility from Neuberger Specialty Finance to expand Ripple Prime, a business that has tripled revenue since Ripple’s $1.25 billion acquisition of Hidden Road.
The financing is intended to increase Ripple Prime’s lending capacity for clients operating across traditional and digital markets, according to CoinDesk.
Ripple acquired prime brokerage Hidden Road for $1.25 billion in 2025 and rebranded it as Ripple Prime.
“Dependable access to financing and balance sheet strength are critical to institutional participants in today’s dynamic markets,” said Noel Kimmel, President of Ripple Prime.
“This facility enables us to grow alongside our clients by delivering increased margin capacity, greater responsiveness, and improved capital efficiency,” he added.
Neuberger Specialty Finance manages funds under Neuberger Berman, which has approximately $570 billion in total assets under management.
The debt facility follows Ripple’s $500 million fundraise at a $40 billion valuation, backed by Fortress Investment Group and Citadel Securities.
Ripple said it used that capital to expand its custody, stablecoin, and prime brokerage businesses.
Ripple also acquired treasury management software provider GTreasury for $1 billion as part of its push into institutional infrastructure.
Separately, the article cited XRP trading around a key Fibonacci level at $1.46. It reported an RSI of 61, indicating bullish momentum that could continue before reaching overbought conditions.
It listed the next resistance levels at $1.5512 and $1.6690, followed by a full retracement to $1.8190. Support was cited at $1.3857.
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